'Downward pressure': Farmland Rental Rates Flat or Down
If you ask a farmer, agricultural economist, ag banker or ag real estate agent about Upper Midwest farmland rental rates, the response probably will include two words: "Downward pressure."
By all accounts, poor crop prices and marginal farm profitability are pushing down what farmers will pay to rent farmland. As a result, most farmland rental rates negotiated this winter "are flat or going down" from what they had been, says Noah Hultgren, a Willmar, Minn., farmer and real estate agent.
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